COP29 Status Update - Virtual Meeting
Join CCI and allies and experts on Friday, November 22, for a Status Update during the projected final hours of the COP29.
This virtual meeting will review progress in key areas of the COP29 agenda, including CCI focus areas, as the COP moves into its closing hours. We will also discuss key insights from the Earth Diplomacy Leadership workshops and hear notes and perspecitves from delegates in Baku.
Date: Friday, November 22, 2024
Time: 11:00 am EST (NYC) / 4:00 pm UTC (GMT) / 8:00 pm AZT (Baku)
Format: Virtual Meeting hosted by Climate Civics International
Key issues on the agenda for CCI:
Civics, or the genius of local understanding
Finance reform, innovation, and instrumentation
Article 6.8 non-market cooperation and trade
The PARIS Principles and efforts toward a global floor price for pollution
Food systems that restore nature and improve health and livelihoods
Zero harm as the ambition-setting global goal
Context Notes
From UNFCCC Executive Secretary Simon Stiell:
Bluffing, brinksmanship, and pre-mediated playbooks burn up precious time and run down the goodwill needed for an ambitious package. So let’s cut the theatrics and get down to real business. Yes, there are headwinds, everyone knows that, but lamenting them won’t make them go away. Now is the time to focus on solutions.
From CCI Executive Director Joe Robertson:
Climate risk reduction is not a political question; it is an operational imperative, for all nations. Despite the high stakes for all nations, many still take comfort in the falsehood that political calculations might justify a “wait and see” approach. It is too late for that. Future costs are intolerably high if we do nothing. It is time to start shaping the best possible future for humankind.
From IMF Managing Director Kristalina Georgia:
First, create incentives; business will follow. A very good incentive that many countries are using is putting a price on carbon, and in doing so, they make the green economy more competitive. Second, create good conditions for private sector to innovate and to deploy, and that means good capital markets, predictable regulation, and recognizing that private sector, after all, needs to demonstrate profitability. [Third], education: Get the population to understand what is at stake, so that awareness can translate into action.”
From Rebeca Grynspan, Secretary-General of the UN Conference on Trade and Development:
We need to have policy coherence. That is what [the Baku Initiative on Climate, Finance, Investment, and Trade] is about… We need trade, finance, and climate policy to come together. Trade has to be part of the solution. [And, we need] reform of the international financial architecture; we need the multilateral development banks to come in, to take more risk, to crowd in private investment, and to be able to direct these resources to the countries that need them most, at the right cost.
From CCI, on work under Article 6.8 of the Paris Agreement:
We applaud both the ambition of expanding NMA work while learning-by-doing and the call for inclusive participation of non-party stakeholders, who will be instrumental to the best-case design and delivery of successful climate-resilient development through non-market multilateral cooperation. We also applaud the draft for Phase 2 including “an emphasis on a wide variety of ecosystems, bulk purchase and distribution of renewable energy technologies, and green infrastructure and conservation programmes that support mitigation, adaptation, and resilience.”
From the Food System Economics Commission:
The net benefits of achieving a food system transformation are worth 5 to 10 trillion USD a year, equivalent to between 4 and 8 percent of global GDP in 2020.
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Explore our interactive resource library for deeper background on COP29, including events, briefing notes, developments on the ground, and outcomes.
